Taiba Holding Company announces its annual consolidated financial results for the year ended 31/12/2012

Taiba Holding announces its annual consolidated financial results for the year ended 31/12/2012: 1 – Net profit amounted to SR 406,437,917 compared to SR 236,741,609 for the previous year 2011, an increase of 71.68%. 2 – Earnings per share amounted to 2.71 riyals compared to 1.58 riyals for the previous year 2011. 3 – Gross profit amounted to SR 287,214,856 compared to SR 286,186,721 for the previous year 2011, an increase of 0.36%. 4 – Net operating profit amounted to 227,870,790 riyals compared to 218,389,369 riyals for the previous year 2011, an increase of 4.34%. 5. The increase in the results for the fiscal year ended December 31, 2012 is due to the capital gains realized from the divestment and sale of the real estate properties of Arak and Al-Aqeeq, which are owned by Tayebah Holding. As well as the sale of residential land and part of the commercial land in a high-quality scheme owned by Al-Aqeeq Real Estate Development Company, in addition to increasing the rates and percentages of occupancy in hotels and residential units and increasing rental revenues in commercial centers. 6. Certain comparative year figures have been reclassified for the same period of the previous year in order to be compared with the current year.